Friday, 16 May 2014

Broader outlook and stocks for May 16th, 2014


Nifty edged higher in choppy trade on the eve of the outcome of Lok Sabha elections amid expectations that the BJP. Bought INR 1520.08 crs and DII Sold INR 410.01 crs

Shorterm Trend

Big day and Nifty could move any side and so no levels. My higher target is 7300 and lower is 6700 and swing could be either side, but I feel before going to 6700 we could see 7300 after results.

Intraday Levels
Sit on the sidelines and watch the market is my suggestion as you are going to see huge moves either side.


Top pics for the day are AdaniEnt, BankIndia, BankBaroda, SBIN, ICICIBank, AxisBank, Apollotyre,TataSteel,Bajaj Auto,Biocon and HindUniliver for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

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